Key Features

• In the event of the untimely death of a breadwinner, provide a lump sum to the family as an income for the family to meet there day to day needs.
• To cover unexpected medical expenses due to accidents or major illnesses other than normal hospitalization.
• Provision of a fund for retirement.
• Provide periodical funds for child education.

Life Insurance Plans

• Term Plan:

Provide protection for a limited period only, the sum insured of the policy becoming payable if death occurs within a specified period, nothing being payable in the event of survival. Premium of this plan is relatively low when compared to other plans.

• Whole Life Plan:

This plan is the cheapest method of providing insurance protection for dependents. The sum insured is paid on the death of the life assured. The premium has to pay till the death of the life is assured.

• Endowment Plan:

This plan combines death protection and the savings aspect of life insurance. Since the sum assured is payable at the expiration of the selected term or the prior death of the life insured.

• Life Annuity Plan:

This plan provides guaranteed payment at regular intervals as long as the insured is alive or selected period.

• Investment-linked Insurance:

Life assured can pay premium monthly, quarterly, and yearly. Eligibility age between 18-65 years.

Following additional covers can be taken with the selected life plans.

• Critical illness cover
• Hospitalization benefits cover
• permanent disability benefits due to accidents or sickness.
• Accidental death cover
• Spouse cover
• Funeral expenses cover
• Whole life cover after maturity of the policy or a selected period